Finviz has a screener for 'pattern' : is there a pattern you would recommend if I wanted to catch a 'downside long' swing trade?
7/30/2025 09:49am
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The deep research logic is organized as follows:
Okay, let's tackle this question. The user is asking about Finviz's pattern screener and which pattern would be good for a 'downside long' swing trade. First, I need to understand what a 'downside long' means. From the context, it seems like the user is looking for stocks that have recently pulled back (downside) but are set up for a potential upside move (long). So, they want to catch a reversal or a bounce from a support level.
Looking at the references provided, there are several mentions of technical patterns that indicate potential reversals or setups for long positions. For example, the double bottom pattern is a classic bullish reversal signal. The user's background mentions interest in NASDAQ, so focusing on patterns that are common in tech stocks might be relevant.
In the references, Number 10 and Number 15 are queries from Finviz's pattern screener. Number 10 lists stocks with a "Descending Channel" pattern, which is a bearish pattern, but the user is looking for a downside long, so maybe the opposite. Number 15 shows "Descending Channel" as false, but the user is interested in patterns that set up for a long entry after a downside move.
Number 20 is a query about "Double Bottom" patterns. The results show stocks like CYBR, MTEX, etc., which have confirmed double bottom setups. Double bottom is a bullish reversal pattern, so that fits the 'downside long' idea because the stock has hit a low twice and is breaking out upwards.
Number 17 and 18 mention Dogecoin's double bottom breakout, which is a crypto example, but the principle applies to stocks too. The golden cross and volume confirmation are key here. Also, Number 6 talks about a triangle breakout, which can be a setup for a move in either direction, but if it's a symmetrical triangle, the breakout direction matters.
The user's profile mentions a preference for technical analysis and swing trades, so focusing on patterns with clear support levels and breakout potential is important. The 'Descending Channel' might not be ideal since it's bearish, but the 'Double Bottom' and 'Bullish Engulfing' patterns are more aligned with the user's goal.
Also, considering the user's interest in NASDAQ, looking at high-quality stocks with these patterns would be better. The 'Bullish Engulfing' pattern (Number 25) is another good candidate because it shows a reversal from a downtrend to an uptrend, which fits the 'downside long' strategy.
I should structure the answer by first defining what a 'downside long' setup entails, then list the recommended patterns with explanations, and provide examples from the Finviz queries. Including a table with the patterns, their definitions, and why they fit the strategy would be helpful. Also, citing the relevant references to back up each point is crucial.
I need to make sure the answer is clear, uses the correct terminology, and aligns with the user's preferences. The conclusion should summarize the best patterns to use in the Finviz screener for this strategy.
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### 🎯 **Conclusion**
For a **"downside long" swing trade** strategy, the most effective patterns to focus on are **Double Bottom**, **Bullish Engulfing**, and **Ascending Triangle**. These patterns indicate a potential bullish reversal or breakout after a downside pullback, aligning with your goal of capturing upside momentum from a low. Below is a detailed breakdown of these patterns, supported by data from the Finviz pattern screener and technical analysis principles .
---
### 📊 **Recommended Patterns for "Downside Long" Swing Trades**
#### 1. **Double Bottom**
- **Definition**: A classic bullish reversal pattern where the price forms two consecutive lows (the "bottoms") before breaking out above the resistance level (neckline).
- **Why It Fits**:
- Signals a potential reversal after a downtrend.
- Confirms buying pressure at the second bottom, indicating institutional accumulation.
- Breakout above the neckline validates the setup.
- **Finviz Example**:
| Stock Code | Stock Name | Last Price | Last Change | Double Bottom [20250729] |
|------------|-------------------|------------|-------------|---------------------------|
| CYBR | CyberArk Software| $434.48 | +13.47% | **True** |
| MTEX | Mannatech | $9.44 | +15.07% | **True** |
---
#### 2. **Bullish Engulfing**
- **Definition**: A candlestick pattern where a bullish candle (green) completely engulfs the previous bearish candle (red), signaling a shift in market sentiment.
- **Why It Fits**:
- Indicates a sudden surge in buying pressure after a downtrend.
- Often precedes a breakout above key resistance levels.
- High volume during the engulfing candle confirms strength.
- **Finviz Example**:
| Stock Code | Stock Name | Last Price | Last Change | Bullish Engulfing [20250729] |
|------------|-------------------|------------|-------------|-------------------------------|
| ANPA | Rich Sparkle | $37.21 | +43.06% | **True** |
| AKAN | Akanda | $1.39 | +10.76% | **True** |
---
#### 3. **Ascending Triangle**
- **Definition**: A bullish consolidation pattern where the price forms a series of higher lows (ascending support) while the upper boundary (resistance) remains flat.
- **Why It Fits**:
- Indicates accumulation at the lower end of the range.
- Breakout above the resistance level signals a potential uptrend.
- Steady volume during the pattern confirms institutional interest.
- **Finviz Example**:
| Stock Code | Stock Name | Last Price | Last Change | Pattern [20250729] |
|------------|-------------------|------------|-------------|---------------------|
| SUI | Sui | $4.30 | +14.21% | **Ascending Triangle** |
---
### 📊 **Key Criteria for Pattern Selection**
| Metric | Recommendation |
|-----------------------|-----------------------------------------|
| **Pattern Type** | Double Bottom, Bullish Engulfing, Ascending Triangle |
| **Support/Resistance**| Look for stocks with clear support levels (e.g., 20-day EMA, Fibonacci retracement) . |
| **Volume** | Ensure high relative volume during the breakout . |
| **Price Range** | Focus on stocks with a price range of $1–$10 for higher volatility . |
---
### 📊 **Final Takeaway**
For a **"downside long" swing trade**, prioritize stocks with **Double Bottom**, **Bullish Engulfing**, or **Ascending Triangle** patterns. These setups indicate a bullish reversal or breakout after a downside pullback, aligning with your strategy of capturing upside momentum from a low. Use the Finviz pattern screener to filter for these patterns and focus on stocks with high relative volume and clear support levels.
Finviz pattern screener 'downside long' swing trade recommended patterns
|code|stock code|stock name|Last Price|Last Change|Descending Channel[20250729]|market_code|
|---|---|---|---|---|---|---|
|NWTN|NWTN.O|NWTN|1.33|22.018349|True|186|
|SRPT|SRPT.O|Sarepta|15.83|14.213564000000002|True|185|
|PTCT|PTCT.O|Ptc Therapeutics|49.29|11.163734999999999|True|185|
|FMST|FMST.O|Foremost Clean|2.51|10.572687|True|186|
|FATBP|FATBP.O|Fat Brands Pref B|2.9|9.433962|True|186|
|IMNN|IMNN.O|Imunon|7.85|8.87656|True|186|
|SELX|SELX.O|Semilux|1.13|7.619048|True|186|
|FLGC|FLGC.O|Flora Growth|0.6499|7.2619240000000005|True|186|
|TAOP|TAOP.O|Taoping|4.36|5.696969999999999|True|186|
|GDHG|GDHG.O|Golden Heaven Group|0.505|5.208333|True|186|